Corporate | 23 July 2015 13:55
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InTiCa Systems AG / Key word(s): AGM/EGM
Udo Zimmer elected new Chairman of the Supervisory Board
Positive performance in the first half of 2015
New serial production order for EMC filters
Passau, July 23, 2015 – InTiCa Systems AG (ISIN DE0005874846, ticker IS7), which is listed in the Prime Standard on Frankfurt Stock Exchange, held its Annual General Meeting in Passau on July 17, 2015. The main item on the agenda was the routine election of the Supervisory Board. The shareholders accepted the proposal put forward by the Supervisory Board and re-elected the previous members. At the constitutive meeting following the Annual General Meeting, Mr. Udo Zimmer was elected as the new Chairman of the Supervisory Board. The Deputy Chairman is Mr. Werner Paletschek. The actions of the Supervisory Board and Board of Directors in 2014 were ratified by a clear majority of the shareholders. In the second quarter of 2015, InTiCa Systems AG was able to continue the positive trend reported for the first three months. The provisional revenue figure for the first six months is EUR 22.6 million, a strong rise compared with the previous year (H1 2014: EUR 19.7 million). The renewed hike in revenues to EUR 18.6 million in the Automotive Technology segment (H1 2014: EUR 13.0 million) more than offset the decline reported by the restructured Industrial Electronics segment. In the medium term, however, revenues generated by the Industrial Electronics segment should rise to over 20 percent again. The company has just secured a new order for serial production of EMC filters (EMC = electromagnetic compatibility). EMC filters are used in electronic devices to suppress unwanted magnetic interference. The first of these EMC filters are scheduled for delivery in 2017. InTiCa Systems’ earnings are still on track, too: both provisional EBITDA (EUR 2.9 million) and provisional EBIT (EUR 0.7 million) are slightly up on last year. “We are continuing the systematic restructuring of production for serial manufacturing and modern lean principles. The preliminary results show that we are moving in the right direction with this strategy, and the upcoming start-up of the new production building in Prachatice is another important step towards raising production efficiency,” said Dr. Gregor Wasle, Spokesman of the Board of Directors, commenting on the present performance of InTiCa Systems AG. As usual, the address and presentation given by the Board of Directors at the Annual General Meeting and details of the results of the voting are available from the Investor Relations section of the company’s website at www.intica-systems.de [in German only]. Detailed figures for the first half of 2015 will be published in the full interim report on August 20, 2015. InTiCa Systems AG The Board of Directors
About InTiCa Systems: InTiCa Systems is a European leader in the development, manufacture and commercialization of inductive components, passive analogue switching technology and mechatronic assemblies. It operates in the Automotive Technology and Industrial Technology segments and has more than 500 employees at its sites in Passau (Germany) and Prachatice (Czech Republic). The Automotive Technology segment focuses on innovative products that raise the comfort and safety of cars, improve the performance of electric and hybrid vehicles and reduce carbon emissions. InTiCa Systems’ Industrial Electronics segment develops and manufactures mechatronic assemblies for the solar industry and other industrial applications.
Forward-looking statements and predictions
2015-07-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | InTiCa Systems AG | |
| Spitalhofstraße 94 | ||
| 94032 Passau | ||
| Germany | ||
| Phone: | 0851 / 96692 0 | |
| Fax: | 0851 / 96692 15 | |
| E-mail: | investor.relations@intica-systems.de | |
| Internet: | www.intica-systems.de | |
| ISIN: | DE0005874846 | |
| WKN: | 587484 | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart | |
| End of News | DGAP News-Service |
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| 380467 2015-07-23 |